Yahoo Finance James Watkins Is The CFO & Secretary of Boot Barn Holdings, Inc. (NYSE:BOOT) And They Just Picked Up 27% More Shares
Potential Boot Barn Holdings, Inc. (NYSE:BOOT) shareholders may wish to note that the CFO & Secretary, James Watkins, recently bought US$131k worth of stock, paying US$52.34 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 27%.
View our latest analysis for Boot Barn Holdings
Boot Barn Holdings Insider Transactions Over The Last Year
The Independent Chairman of the Board, Peter Starrett, made the biggest insider sale in the last 12 months. That single transaction was for US$335k worth of shares at a price of US$134 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$62.54. So it may not tell us anything about how insiders feel about the current share price. Notably Peter Starrett was also the biggest buyer, having purchased US$957k worth of shares.
Happily, we note that in the last year insiders paid US$957k for 14.23k shares. On the other hand they divested 3.94k shares, for US$432k. In the last twelve months there was more buying than selling by Boot Barn Holdings insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.6% of Boot Barn Holdings shares, worth about US$10m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Boot Barn Holdings Tell Us?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Boot Barn Holdings insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 1 warning sign for Boot Barn Holdings you should know about.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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